My experience has been that the .223 gets about 200fps more velocity out of the 50-55gr bullets, but the .222 has a slight edge in accuracy. Factory twist rate for heavier bullets favours the 223. But, the 222 can handle the 45gr WMR projectiles which can be a bit of fun on small game. Accuracy is best loaded down to Hornet velocities.
Back in the day when I had my 222 I was reloading a 52gr Hornady hollow point on goats. Was devastating on goat sized animals and outperformed any of the PSP or the very few polymer tipped projectiles that were available back then. Never shot a deer with it.
If you were shooting a .223 in your current hunting opportunities would you be dialling? Threat the .222 the same.
Personally, I would look at a FFP with illuminated reticle.
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